HK->Shanghai Connect daily quota used 100%, Shanghai->HK daily quota used 2.3% FTSE China A50 -0.3%
SHANGHAI, May 18 (Reuters) - Hong Kong stocks climbed for a third straight session on Tuesday, buoyed by gains in shares of energy and telecommunications firms. The Hang Seng index rose 1.3% to 28,545.20, while the Hong Kong China Enterprises Index gained 1.2% to 10,632.05. Both were poised for a third straight session of gains. Leading the gains, the Hang Seng energy index and the Hang Seng telecommunications index advanced 3.2% and 2.7%, respectively. “Latest economic data from China and the United States showed growth slowed to some extent, raising hopes that monetary easing could continue,” said Linus Yip, chief strategist at First Shanghai Group.
China Stocks Slump as Alaska Talks With U.S. Show Gap Remains Wide msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
The Straits Times
Existing-home prices of certain popular projects in Shanghai surged more than 30 per cent last year.PHOTO: EPA-EFE
PublishedMar 2, 2021, 2:23 pm SGT
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China âworriedâ about bubbles in property, foreign markets 2 min. 02.03.2021 Regulators are watching capital inflows into China Beijing s central business district Photo credit: AFP
Chinaâs top banking regulator said heâs âvery worriedâ about risks emerging from bubbles in global financial markets and the nationâs property sector, sparking fresh concerns about further tightening in the worldâs second-biggest economy. Stocks dropped across Asia.
Bubbles in US and European markets could burst because their rallies are heading in the opposite direction of their underlying economies and will have to face corrections âsooner or later,â Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission and Party secretary of the central bank said at a briefing in Beijing on Tuesday.